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921  Economy / Economics / Re: How many can resist selling off their BTC for huge profits? on: September 27, 2017, 11:07:11 PM
For new users like me, it is very difficult to refrain from selling my coins. I sold some of my BTC earnings three months back. I wanted to feel the fun in profiting from Bitcoin. But now I feel like a fool. Had I held on to my coins, then I would have got a better ROI.
The price of Bitcoin has been signalled it will increase to the moon after bearish trend start in June.
Sell your Bitcoin is your wrong because you do not reseach about the price of Bitcoin on market, this is result by lazy!
Maybe some of them are selling their BTC because of some emergencies and they are totally need of money, and their's nothing to depend just only selling BTC. But we can blame them because that's their decision, and they made just to save other very important than bitcoin. Anyway, is just a money and still we can find it by making it again. Sometimes we sacrifice for the seek of others.
This could be the reason for selling your bitcoin otherwise I think selling your bitcoin is not a sensible decision. Just think about the value of bitcoin in the future and the price. May if someone has more money he will buy more and more bitcoin besides he sells his holdings. If someone needs the money then he can sell some of his bitcoin and not all, if not then hold it for future needs.

I always remind myself that the value of bitcoin may increase tenfold in the years to come every time I get tempted to sell out my coins. I'd probably sell it during emergencies too or at times of need and only if I had no other choice; Bitcoin would be my last resort. As much possible, I would want to hodl all the bitcoins that I have.

Some sell out their bitcoins on a regular basis because they treat earning bitcoins as a sideline or regular income and they use the profit they get from it for regular and daily expenses.
922  Bitcoin / Bitcoin Discussion / Re: Government regulation of bitcoin on: September 27, 2017, 04:18:33 PM
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation, banking usages and etc..
However, regulation is not good for any bitcoin users. They have to support or else they should close their mouth from criticizing bitcoins in a wrong way.

I agree with you on tax issues. if the regulation is applied, I think bitcoin users will be even more miserable for paying huge taxes. where the government keeps an eye on every transaction activity we make.

The impact of government regulation may vary and differ depending on how it will turn out. Government regulations may eventually impose taxes because that is their way of generating revenue. This would be negative for the bitcoin users because they'd then have to pay extra for the transactions. A limit on acquiring bitcoins may also be imposed by the government regulations which would be negative for the bitcoin users as well.
923  Economy / Trading Discussion / Re: Feeling regret after (Not trading, not gambling, etc...) on: September 27, 2017, 02:26:27 AM
you know what, just invest something in bitcoin. even a small amount like a hundred bucks. i promise you that you won't regret it. heck if you bought bitcoin back in 2015 (nearly 2 years ago) you could have had 0.5 bitcoin for a hundred bucks.

and you know what in a couple of years (probably another 2 years) i will repeat the same speech to someone else saying buy a hundred bucks worth of bitcoin, you could have bought 0.025 bitcoin back then and now you can buy 0.005 bitcoin with it.

This is best way to recover your loss because you surely won't regret by investing in Bitcoin. You'll even have a good night's sleep knowing that the bitcoin you bought would accumulate and increase in value in the following years. Better invest now so you won't have any further regrets.

A reason why don't gamble because of the risk of losing your bitcoin or money. There's a high risk of you to win but at the same time, there's also a high risk of losing that. It's hard to make some guesses and to decide and it's definitely going to be hard for you to sleep if you regret not making some decisions that could have led you to become rich had you made them.
924  Economy / Speculation / Re: Is PayPal now feeling the pressure from Bitcoin? on: September 27, 2017, 02:01:26 AM
https://finance.yahoo.com/news/paypal-ceo-expensive-poor-221202508.html


PayPal CEO Dan Schulman wants to make it easier for people, including those who live outside the financial system, to manage and move their money.


“There’s a saying that it’s expensive to be poor,” Schulman told Yahoo Finance in a recent interview at PayPal’s San Jose, California headquarters. “You want to cash a check, send money to a loved one, get credit, even pay your bills. For those who are outside the financial system — and there are over 70 million adults in the U.S. and over 2 billion people in the world — those basic consumer transactions can be incredibly time-consuming — you stand in line for 30 to 45 minutes — and very expensive.”

While the dollar costs of executing a financial transaction may seem reasonable for most, they can be quite high for those with very little income.

On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates,” he added. “So democratizing financial service is basically saying the following: We want managing and moving your money to be a right for all citizens, not just the privileged, or the affluent.
[/b]”

Sound familiar?  Wink

There's no competition until we have lightning networks. Until then, you cant sell bitcoin as a solution for poor people to send and recieve money in a decentralized way, because (unlike what scammers such as Roger Ver and anyone supporting BCash will tell you) a decentralized blockchain is a finite and scarce resource, therefore it's not cheap, this is why we need second layers like LN to really take over the entire planet. Then we will outcompete everyone else and PayPal will either join BTC or go bankrupt because no one is going to be paying any fees to send money anywhere.

Paypal is a scam because it's tied to the legacy banking system, yet they market themselves as "internet payments". This was never true, it was never true anywhere until Bitcoin was invented.

Yup. I agree with that first statement. I wouldn't really categorize PayPal and Bitcoin as competitors until Bitcoin can par up with PayPal's features. There is a lot of work to be done on the confirmation speeds and the Bitcoin technology. As we see confirms come through instantly, we can then accurately compare PayPal and Bitcoin. Until then, it doesn't make sense for the average man to USE Bitcoin to pay his peers.

Paypal and Bitcoin are both very different from each other and I agree that it is incomparable at the moment. Perhaps at this current time and period, Bitcoin cannot be accepted as a payment to every single common man, much less to those who are less fortunate. Bitcoin has revolutionized the concept of "internet payments" and PayPal needs to keep up even at this early stage of Bitcoin that is in.

I believe the statement made by the Paypal CEO was made just so that they could keep up with the growing hype and popularity for Bitcoin. Surely, they're scared of getting left out and as a competitive company, they should keep up with the current happenings or else they may be overthrown. It's quite possible that in the near future, Bitcoin will be integrated in PayPal instead of becoming a competitor for them. With the increasing innovations and technological advancements made for cryptocurrency and bitcoin, companies such as PayPal would have to adapt as well.
925  Economy / Economics / Re: Crypto-gaming is the next big thing! on: September 26, 2017, 11:26:58 PM
Many bitcoin users are much addict into online games and gambling they can have big profit for this kind of games like to learn more about this, you can go to gambling forum.

I agree, I think this would motivate the bitcoin users more. They can have fun and play and at the same time, they would profit from it. I've heard about steam before, that you can buy steam credits with the use of bitcoin but I haven't heard of the perspective of OP. It's a smart concept and these gaming industries will profit a lot. In a way, it's a win-win situation for the users and the gaming industry.
926  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the Browser: Google, Apple and More Adopting Crypto-Ready API on: September 26, 2017, 12:19:31 PM
Just another proof of how powerful bitcoin now a days! ill add something too for that bitcoin now is in the exchange currency of google ! isn't it amazing ?

I think you are out of update about bitcoin because the Google currency conversion of bitcoin is I am seeing more than 2 years bro. Please read complete wikipedia page about bitcoin to crystal clear overview information about bitcoin.
Brave is first browser I noticed that have bitcoin price and mining calc plug ins which is being inbuild in the site.

I've always found the google currency conversion for Bitcoin very convenient. I always use it. I can't do the same with other altcoins, and I'd have to access other websites. With the google currency conversion for bitcoin, all I have to do is type it on the search bar and the results would automatically come out. I have not yet read the wikipedia page of Bitcoin because I'm not a fan of wikipedia but I have noticed that bitcoin can be already found in various places all over the web. 

These new API sounds exciting and I think that it would be a good contribution for the bitcoin community and for bitcoin users. The market for bitcoin is continuing to expand and more innovations such as this keep on appearing.
927  Economy / Economics / Re: If Bitcoin goes up very high should i buy a house? on: September 25, 2017, 11:29:00 PM
In my opinion, having a house is an important asset. It's important for one to invest on their own property. I find it a waste to rent because you throw away money on something that you won't acquire in the future. Buying a house is long term, something that your children could inherit or even last several generations. Don't go for a mortgage because having a debt is tiresome and renting is like throwing away your money.

Go for it! It will be a good investment.
928  Bitcoin / Legal / Re: Law To Declare Bitcoin Ownership on: September 25, 2017, 02:48:25 PM
I am not sure if your country is having a law requiring all citizens to declare Bitcoin ownership...maybe there is still no such a law yet but what if there is...would you follow that law and be open about your engagement with cryptocurrency or would you choose to just ignore thinking that anyway the government can have a hard time detecting your involvement with it?

In the next few years and as Bitcoin (and cryptocurrency in general) would be more and more popular, there would be more clashes on many pivotal issues regarding laws and regulations focused on Bitcoin. What we are witnessing this year is just an introductory phase on many things to come...so brace yourself and be prepared for the ride of your life.

Welcome to the Bitcoin generation...where all sides are on edges!

This is a tricky question. There are countries where declaration of assets is mandatory and hiding your assets is a crime. So in case the government discovers unaccounted for assets, they can infer that you got the assets through illegal means. At the least, they will nail you for making a false declaration of your assets. So if it does become necessary to declare your crypto assets, the best option would be to come clean.

If this were the case, then I would opt to just declare my assets. After all, this kind of law would be imposed for national security and AML purposes. As of now, most jurisdictions do not specify on particular cases such as this but surely after some diversification, there would be some rulings and regulations imposed. In such an event, I'd rather go through the hassle of declaring all my assets than having to hide it in the fear of getting your BTC taken away from you or having it declared as illegal.

It may be likely for a law like this to be created, especially with the increasing use and popularity of Bitcoin.
929  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no role in real world on: September 25, 2017, 12:50:14 PM
What a short-sighted tool.

1. Bitcoin is not recognized by governments TODAY, but slowly and eventually bitcoin's value will shine through and adoption will increase. With this, will come stability in terms value which will make it viable as a global currency.

2. Fees are rooted in the design yes, thats basic and I doubt any legitimate statements declare bitcoin as zero-free. The key to understanding this is that the fees are LOWER than what your traditional blood-sucking financial institutions are charging.

Come on, open your eyes bro.

As we can see, more and more jurisdictions are now starting to give some recognition for cryptocurrency and Bitcoin. It's quite impossible for there to be zero fees because there's no such thing as a "free lunch". Everything comes with a cost and everyone just wants to profit in almost anything. As compared to other financial investments, Bitcoin is the best because the fees and interests offered by other establishments are way too heavy and cost too much that you sometimes just lose your investment in the long run or breakeven.

There may be minimal or limited uses for Bitcoin now, but that's how most great things start. There's no surprise to that because its not yet even known to some people.

You may not see it now, but Bitcoin has and will have a significant role in society. It's just in the process of getting there.
930  Alternate cryptocurrencies / Altcoin Discussion / Re: Pay hotel stay cost with token (Altcoin) on: September 25, 2017, 03:34:02 AM
Now more and more ICO has a creative program. For example ICO I follow www.HotelChain.io .Who owns the project makes a payment token for the Hotel. Will this make it easy for Cryptocurrency users to stay at the hotel?
If they want to make a payment  in the hotelchain using altcoin or cryptocurrency, I think is good and much better to use bitcoin as mode of payment because it is more easy for the customers to use this than ICO program token its very very seldom for the ICO that will be implement it at once.
I would be very amazed when I can make a reservation at any hotel in the world and pay using tokens but in fact many 5-star hotels in my country do not even know bitcoin? how they will accept an altcoin token? unless #hotelchain has co-operation throughout the hotel in all countries but that is impossible to do right ?

It sounds amazing that a hotel will now accept altcoin as a payment but I believe that only a few number of people would have or use that token, more or less use it to book in a hotel. Only few know about bitcoin or cryptocurrency, and much less would know about the use and existence of tokens. This may provide some convenience for some of the cryptocurrency users and would also give it some spotlight. It's possible for some of the guests in the hotel to have some interest on the token as a payment method and this would lead them to become curious. More and more developments like this and this could only be a beneficial for crypto-users and the public.
931  Bitcoin / Bitcoin Discussion / Re: Don't you just love the vibe going on right now? on: September 24, 2017, 12:48:59 PM
Feels great! It's about time the world is starting to take notice. I just wish I had a bigger position already in some of these coins, especially the Big 4!  Wink First it was the programmers and traders, then the investors, entrepreneurs, and now celebrities and politicians are joining in. The fun is just starting to begin.

I feel excited as Bitcoin is slowly getting more and more recognition. I'm surprised to see some ads all over social media. Just recently, some blogs and news have taken interest in reporting about blockchain technology and cryptocurrency. There is an upwards trend for the publicity of Bitcoin and cryptocurrency.

Despite not having a bigger position, the thought that we have already invested in Bitcoin back when it is not yet mainstream. Most people are still just being introduced and getting to know about it now while I have already some BTC in my wallet.
932  Bitcoin / Legal / Re: What are the main Bitcoin scams and how do you protect yourself against them? on: September 22, 2017, 04:31:32 AM

The best way one can protect himself best from scams related to bitcoin, is to learn from experience which I have had my own share of where I needed to convert the little coins I have gotten to cash but ended up in the hads of a scammer who used delay tactics on me but I was still immature then. But now, I just don't deal with anybody anyhow. I have a list of trusted guys to help with that and even before transacting I do a lot of ground work confirming nothing has changed since our last transaction.

No need for experiences if you already have some knowledge, still the best is to know better about awareness for scams. The one thing about scams that usually being seen and they obviously does is they make deals that are so good to be true, so it is easy to notice that it was a scam, I never been scammed before and I don't need any experiences in able to avoid being one of their victim. This blog is helpful to does who doesn't have enough knowledge and information about scams, good luck and keep it up.

I don't have any experience on scams but I have been fervently reading about the different scams out there and its nature so that I may avoid it. True enough, those who have experienced it would have an upperhand because it is said that "experience is the best teacher" however it is not exactly necessary.

I've heard about ponzi schemes, HYIPs and the like that are still present up to this very day and the best way to avoid it is to watch out for the red flags. When there is a low investment with the promise of high return in a short period time, then it is likely to be a scam. Watch out for sugarcoated and fancy promises and don't let them blind you. Most scams don't look as if they are scams at first because they are made to deceive you so always be on the look out and don't let your guard down.
933  Economy / Economics / Re: South Africa's Super market started accepting bitcoin on: September 22, 2017, 04:27:14 AM
Although I don't use my BTC to spend on daily expenses, I think that this would be convenient for the bitcoin users in South Africa when a day comes that they do not have cash to spare. If this were to be true, then this must mean that there are many bitcoin users in that area for an adoption like this to take place. Other countries have been taking various steps on adoption lately.
934  Bitcoin / Bitcoin Discussion / Re: Taxless and free society? on: September 22, 2017, 03:02:47 AM
Roger Ver is announcing that he's working together with a team to build a completely free society by buying off land in US/Europe or Asia.

Live stream was here: https://www.youtube.com/watch?v=oSF52B90xws

What do you think, can this new country be born? Could we move there in 2-3 years? Would you be interested?

Nope. My country maybe full of corrupt officials and lots of problems everywhere but I will never replace it with another country.

I've read somewhere before that an experimental society existed where there was no ruling body or government, everyone lived freely and they were from a bunch of different races. I think it was called 'auroville' and it is located somewhere at India. It was said to be peaceful and everyone there lived equally. It sounded as if it came straight from a dystopian novel. I'm not quite sure if this is true but if it were, I wouldn't choose to live there. Although fiction, endings of dystopian novels don't end nicely. In the end, some sort of rebellion or massacre is bound to happen. Despite the complications of social classes and economic inequality experienced in my country, I'd rather strive to survive in it.
935  Economy / Trading Discussion / Re: For Early Adopter of Bitcoin - Share Your Thought on: September 22, 2017, 01:40:03 AM
Way back 2013 or 2014 bitcoin price was around 200 USD. I purchased 10 btc back then and sold it immediately after gaining some small gains.

Then i switched into forex trading and lose huge amount of money. after that i forget everything (forex and crypto)

I regret not holding btc for a long time.  Sad

But this year is my comeback and i will strive to recover my losses thru crypto and forex trading once again.



Wow 200$ btc at that time being invested would have yield you today 3700$ at present. You would have made loads of money had you being holding even couple of btc. Had you being in cypto world from that time I am sure you would have made money and lost like you did in forex. better late than never , welcome back to the cypto world.


Being able to acquire 10 BTC is amazing, as of this present moment I haven't even acquired 1 BTC. Its value would be hundredfold or more right now had you stored it in a wallet. It's sad to hear that you lost a huge amount of money when you switched to forex. It must have discouraged you but its a good thing that you have resorted to make a comeback in cryptocurrency. Despite only starting now, Bitcoin still has the potential to grow for the coming years. It's not too late to make an investment.

Trading has its risks but its profitable and rewarding. You are bound to lose some money because of these risks but rewards would come with it once you are able to buy and sell at the right time.
936  Bitcoin / Legal / Re: HOW can Bitcoin ATM spread in different cities of your country? on: September 21, 2017, 11:41:20 PM
A number of companies make these ATMs, you can buy from them and get the machine shipped to your location. They are very easy to use, you just need power and Internet connection.
Conversion to ETH would require the owner of the ATM to enable such service. That's because they'd have to enable connection from the ATM to a semi automatic converter.
ATM's are quite expensive to use, because you have to pay normal fees + for the service x2. Meaning that you'll be paying the service provider and the guy that bough the ATM and set it up, because he has to pay for power, Internet and get back what he paid for the ATM. Not worth it IMO.

If the fees for the use of a Bitcoin ATM were to be too high, then it would defeat its purpose and the bitcoin users would be discouraged to use it. It would have been convenient if it were available in many cities but given the limited number of people in my country who uses Bitcoin, then I don't think that it would be of much use. If Bitcoin were to be mainstream in a certain location, surely a lot of Bitcoin ATMs would be set up.
937  Economy / Economics / Re: Central of the Philippines Recognizes Bitcoin on: September 21, 2017, 11:06:35 PM
This news was old and there was another update that the most popular local exchange was held their license recently by the Central Bank of the Philippines.

Central Bank of the Philippines is owned by Rothschild family the powerful family in this world, they allowed bitcoin because Rothschild wants to control the economy of the Philippines

I didn't know about it, as I know that it is owned by the government. Is this sort of conspiracy? Do you have some headlines or any articles that will prove with what you had just said that CBP is owned by the Rothschild family? I know they are powerful and rich but to the point they own a government agency?

Yes, so far the Philippines has not made any actions yet to implement or regulate Bitcoin or cryptocurrency except for this public statement made by the central and create licenses for exchanges. Hopefully like the other countries, the Philippines would make other efforts to adopt Bitcoin.

I don't think that rumor about the Rothschild family is true. They may be a rich family, but I don't think they have a hold of the central bank of the Philippines. The economy of the Philippines is not that good, and it could be better had it been in the control of a rich family.
938  Economy / Economics / Re: China ICO ban a move to please the US? on: September 21, 2017, 10:50:09 PM
China is pretty much a superpower and it won't make moves or decisions like this for the sake of others. They most probably did it for their own well being. The US may be a hegemon and North Korea is a threat for others but I don't think China is scared of them. I may be wrong but China is strong enough to not do these actions for other countries and especially not to please them, may it be bitcoin or cyptocurrency related.
939  Bitcoin / Bitcoin Discussion / Re: effect of china on bitcoin on: September 21, 2017, 10:27:27 PM
Lets say China created a China Coin, or the U.S. created a USA coin, what happens if their economies collapse and it's value next to nothing? Bitcoin can still reign supreme.

If they resorted to measures like that then I’m pretty sure their economies will be at the border of collapsing, for the average people a coin like that will be foreign so it is obvious they are going to try to get people that are already invested in crypto like us, but who in their right mind will use such a coin?
No one I suppose.
If every country issued a digital coin I also believe the coins will not grow, because the scope is not too big
Because the scope is not large so people will be reluctant to invest and they think everything is not profitable

Issuing an individual digital coin would give the country their own digital currency and perhaps its value would depend on its own economy, just as how its local fiat currency works. It may provide some convenience for its citizens but in the long run, it would be similar to the fiat currency but only digital. It would be also hard to be used by the low class people of their country given its digital characteristics.

Amongst the other cryptocurrencies, Bitcoin has remained to be strong and I think it would do the same as compared to a newly created coin of a country.
940  Economy / Economics / Re: To be a millionaire in the United States is to still be poor on: September 20, 2017, 11:12:14 PM
I heard it's expensive there, especially in cities like New York. I find it weird how economics work. I mean, the  most expensive city is Luanda, in Angola!

And it's not just the prices that have not adjusted. Wages basically stagnated and is unlikely to budge any time soon.

The cost of living is pretty high there. I haven't been to New York but from what I heard, the prices their are crazy that even their freakin' coffee costs so much. Perhaps that's what OP wanted to point out.

America used to be land of milk and honey, everyone wanted to migrate their back then with the hopes for a better future. Right now, everyone's working really hard and sometimes forced to have double jobs just fend off for themselves. I personally think that a million dollars could go a long way but if the cost of living is too high, then I guess in a way it would still make you poor.
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